High-Visibility Retail
For Sale
$1,495,000
25 S Maple St, Manchester, NH 03103
Single-level masonry retail building with free-span layout, basement, and 41 parking spaces on a level lot.
Property Size8,030 SF
Price / SF$186.18
Days on Market83
Property Features for 25 S Maple St
General Information
Standard status
Active
Size
8,030 SF
Total Parking Spaces
41
Property subtype
Commercial
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$12,056
Building Details
Year Built
1965
Stories
1
Listing Agency:
RE/MAX Area Real Estate Network
(603) 626-5000
Listed By:
Steven Cotran · License #8985
Source:
Classifiedrealtygroup
Added: Jun 3
Changed: Aug 23
Last Checked: Aug 23 at 2:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Area Real Estate Network
Investment Insights
Based on property information with market context.
This high-visibility retail building is a single-level masonry structure with a mostly free-span layout and a basement. The property sits on a level lot and is served by all city services. It is currently configured as two separate units, which can support multiple tenants or uses as-is, while also offering flexibility for future redevelopment considerations.
Located at 25 S Maple St in Manchester, New Hampshire, the property is positioned to benefit from prominent storefront and signage opportunities. The offering also includes convenient access and egress, supported by a total of 41 parking spaces for customers and visitors.
For retailers, service users, and operators looking for flexible in-place configuration, the mostly open floor plan and two-unit setup can help streamline leasing and tenant operations. Its size and layout are well-suited for users that value straightforward interior planning, while the basement provides additional back-of-house or storage capacity. For investors or developers, the current setup offers optionality between maintaining the two-unit configuration and exploring redevelopment paths, subject to applicable requirements.
Located at 25 S Maple St in Manchester, New Hampshire, the property is positioned to benefit from prominent storefront and signage opportunities. The offering also includes convenient access and egress, supported by a total of 41 parking spaces for customers and visitors.
For retailers, service users, and operators looking for flexible in-place configuration, the mostly open floor plan and two-unit setup can help streamline leasing and tenant operations. Its size and layout are well-suited for users that value straightforward interior planning, while the basement provides additional back-of-house or storage capacity. For investors or developers, the current setup offers optionality between maintaining the two-unit configuration and exploring redevelopment paths, subject to applicable requirements.
Key Highlights
- 8,030 SF single‑level masonry commercial building built in 1965
- Mostly free‑span layout plus basement
- Level lot with all city services
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$115,343
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,306,860
$2.3M
Cap Rate 7%
$1,647,757
$1.6M
Cap Rate 9%
$1,281,589
$1.3M
Market Conditions
NOI Build-Up for 8,030 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$173.4K $21.60/SF
− Vacancy
−$8.7K −$1.08/SF
EGI
$164.8K $20.52/SF
− OpEx
−$49.4K −$6.16/SF
NOI
$115.3K $14.36/SF
Area
Manchester, NH
Vacancy
5.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,306,860
Cap Rate 7%
$1,647,757
Cap Rate 9%
$1,281,589
Alternative Uses
Best Use
Retail
$1.65M
$1.44M – $1.92M
NOI $115,343 @ 7.0% cap · market cap 7.72%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.97M
$1.73M – $2.30M
NOI $138,036 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,077
Businesses Nearby
87k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Apparel 23%
Shops & Services 21%
McDonald's
Dining
26,268 visits/mo
0.1 miles
Savers Thrift Store
Apparel
20,091 visits/mo
0.1 miles
Aroma Joe's
Dining
12,906 visits/mo
0.0 miles
Family Dollar
Shops & Services
4,918 visits/mo
0.1 miles
Batteries Plus Bulbs
Shops & Services
3,861 visits/mo
0.4 miles
Demographics for 03103, NH
38,039
Population
16,166
Households
2.4
Avg Household Size
36
Median Age
24%
College-Educated
82%
High-School Grad
9.2 sq mi
ZIP Area
4,135
Density / Sq Mi
$70,049
Median Household Income
$41,243
Median Earnings
$1,322
Median Rent
$313,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Single-level masonry retail building with free-span layout, basement, and 41 parking spaces on a level lot.
Where is this retail space located?
The property is located at 25 S Maple St Manchester, NH.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 8,030 SF single‑level masonry commercial building built in 1965; Mostly free‑span layout plus basement; Level lot with all city services
